Steele County, Minnesota Land For Sale (9 results)

Opportunity awaits with this 27.27+/- acre tract in Steele County, Minnesota. Conveniently located between Owatonna and Blooming Prairie, this property is currently enrolled in the Conservation Reserve Program (CRP) until September 30, 2026. The existing CRP contract provides an annual payment of $8,969, offering great income. With an impressive CPI rating of 85.6, this land has strong agricultural potential. You could re-enroll the land or put the land back into production after the contract is complete if desired.For farmers, this is a chance to expand their operation with quality soils ready to return to production in the near future. For investors, it's a rare opportunity to acquire a smaller-sized parcel that generates dependable income. The property also qualifies as an excellent candidate for a 1031 exchange, making it a versatile investment choice.Beyond the financial and agricultural appeal, the property also offers recreational enjoyment. The current habitat makes for productive pheasant hunting, and the owners note they've enjoyed seeing wildlife throughout the seasons. Pieces like thismanageable in size, income-producing, and well-situatedare hard to come by. Whether you're seeking to diversify your portfolio, lock in CRP income, or plan for future row crop production, this property offers multiple pathways for value. Just a short drive from Owatonna.Call Bob to schedule your own private showing.

OWNER Roberta Ille Estate & Robert Ille Disclaimer Trust AUCTION LOCATION LandProz Website or Servicemen's Club 210 4th St NE, Blooming Prairie, MN 55917 PROPERTY DESCRIPTION LandProz is pleased to present the Robert & Roberta Ille Auction in Steele, Freeborn, and Olmsted County, MN. This 468.88 +/- acres will be offered to the public to bid their price via LandProz AuctionCast on the LandProz website or in person at Servicemen's Club 210 4th St NE, Blooming Prairie, MN 55917. Auctioneer Comment: A great opportunity to purchase three different farms in three different locations. Incredible opportunity to own productive farmland across three counties! This offering includes three separate tracts totaling over 468.88 +/- deeded acres, with approximately 447 +/- tillable acres. Tract 3 also features 2.77 +/- acres planted with more than 471 thriving black walnut trees, adding unique value and long-term potential. Perfect for investors or operators looking to expand their portfolio with proven, versatile land. The Ille Family welcomes you to their auction. Please contact LandProz Agent & Auctioneer Sonny Jensen at 507-402-9445 or LandProz Broker & Auctioneer Greg Jensen at 507-383-1067 for more information regarding this auction. PROPERTY FEATURES 468.88 +/- Deeded Acres 447 +/- Tillable Acres Open to farm for 2026 season TRACT 1 198.8 +/- Deeded Acres 185.91 +/- Tillable Acres CPI of 82.6 Prominent Soil Types: Waukegan silt loam, Blooming silt loam, & Kato silty clay loam Open to farm for 2026 season Sec 35 of Blooming Prairie TWP in Steele County Real Estate Taxes: $13,660 TRACT 2 120.08 +/- Deeded Acres 114.84 +/- Tillable Acres CPI of 80.2 Prominent Soil Types: Maxcreek silty clay loam, Marshan silt loam, & Blooming silt loam Open to farm for 2026 season Sec 2 of Moscow TWP in Freeborn County Real Estate Taxes: $9,250 TRACT 3 150 +/- Deeded Acres 146.31 +/- Tillable Acres 2.77 +/- Acres of Black Walnut trees [471 +/- trees] CPI of 58.8 Prominent Soil Types: Rockton loam, Atkinson loam, & Floyd silt loam Open to farm for 2026 season Sec 17 of Dover TWP in Olmsted County Real Estate Taxes: $8,194

PROPERTY DESCRIPTION LandProz is pleased to present the Thimsen Farm property in Steele County, MN. This exceptional 151 +/- acre property, located in southeastern Minnesota, offers a rare combination of productive farmland, strong income, and an outstanding location. Of the total acreage, approximately 145 +/- acres are tillable, boasting a CPI of 67.8, making it a proven performer for row crop production. The land is predominantly tillable and includes drainage ditches that provide excellent water management, promoting consistent yields and long-term soil health. Ideally situated south of Owatonna and west of Blooming Prairie, this farm enjoys excellent access on two sides from well-maintained blacktop roads, providing convenience for equipment and efficient field operations. Its location in a productive and sought-after agricultural area enhances both its operational and investment appeal. Adding significant value, the property includes two windmills, each providing $15,800 in annual paymentsa total of $31,600 in 2025with a 3% annual escalator built into the contract. This reliable, long-term wind income, paired with the existing cropland lease, generates over $66,000 in total annual income, offering a remarkable combination of cash flow and capital appreciation potential. The cropland will be open to farm or lease in 2026, giving future owners the flexibility to operate the land themselves or structure a new lease for additional income stability. This is an outstanding investment opportunity for those seeking productive farmland with strong financial returns. With its mix of fertile soils, excellent access, efficient drainage, and substantial wind lease income, this tract represents one of the most attractive farmland investments available in southeastern Minnesota. Don't miss your chance to own a high-quality, income-producing property that delivers both immediate returns and lasting value. Please contact LandProz Broker Brian Haugen at 507-208-0791 or LandProz Agent Kelly Bolin at 651-380-2857 for more information regarding this property. PROPERTY FEATURES 151 +/- Deeded acres [subject to survey] 145 +/- Tillable acres CPI of 67.8 Majority farmland with drainage ditches for outlet Located in Southeastern MN Excellent location south of Owatonna, west of Blooming Prairie, MN [2] Windmills with payments of $7,900.00 each annually for a total of $15,800.00 in 2025 Windmill contract has annual escalator of 2.5% Cropland is open to farm or lease in 2026 Great access on two sides along very nice blacktop roads Excellent investment in farmland with large annual wind payments Over $51,950.00 in current annual income with wind and cropland lease Real Estate Taxes: TBD

PROPERTY DESCRIPTION LandProz is pleased to present the Thimsen Farm property in Steele County, MN. This exceptional 71 +/- acre property in southeastern Minnesota offers an outstanding combination of productive farmland, steady income, and prime location. Of the total acreage, approximately 69.5 +/- acres are tillable, featuring a CPI of 60. The land is well-suited for row crop production and includes drainage ditches that provide an efficient outlet for water management, helping to maintain consistent yields year after year. Situated just south of Owatonna and west of Blooming Prairie, this farm enjoys easy access on two sides from well-maintained blacktop roads, ensuring convenient entry for equipment and excellent visibility. The cropland will be open to farm or lease in 2026, offering flexibility for both owner-operators and investors alike. A valuable highlight of this property is the windmill lease, which generates $15,800 in annual payments with a built-in 3% annual escalator, ensuring growing returns over time. Combined with the current cropland lease, the property produces over $33,000 in total annual income, making it a truly high-performing, cash-flowing investment. With its mix of productive farmland, strong income streams, and accessible location, this tract presents an excellent opportunity for the savvy investor or expanding operator. Dont miss the chance to own a premier piece of southeastern Minnesota farmland with long-term earning potential and exceptional return on investment. Please contact LandProz Broker Brian Haugen at 507-208-0791 or LandProz Agent Kelly Bolin at 651-380-2857 for more information regarding this property. PROPERTY FEATURES 71 +/- Deeded Acres [subject to survey] 69.5 +/- Tillable acres CPI of 60 Majority farmland with drainage ditches for outlet Located in Southeastern MN Excellent location south of Owatonna, west of Blooming Prairie, MN Windmill with payments of $7,900 annually Windmill contract has annual escalator of 2.5% Cropland is open to farm or lease in 2026 Great access on two sides along very nice blacktop roads Excellent investment in farmland with large annual wind payments Over $25,100.00 in current annual income with wind and cropland lease Real Estate Taxes: TBD

PROPERTY DESCRIPTION LandProz is pleased to present the Thimsen Farm property in Steele County, MN. This impressive 80 +/- acre property in southeastern Minnesota offers a rare opportunity to own productive farmland with outstanding income potential. Of the total acreage, approximately 75 +/- acres are tillable, boasting a CPI of 67.8. The land is primarily cropland, featuring well-designed drainage ditches that provide an effective outlet for water management, supporting consistent productivity and reliable yields. Perfectly located just south of Owatonna and west of Blooming Prairie, this tract combines agricultural strength with exceptional accessibility. The property has excellent road frontage along a well-maintained blacktop road, ensuring convenient field access for equipment and ease of operation. Adding to its investment appeal, the property includes a windmill lease that generates $15,800 in annual payments, with a 3% annual escalator that guarantees steady income growth year after year. In addition, the cropland is currently leased, contributing to a combined annual income of approximately $34,750, offering an exceptional cash-flowing investment. The cropland will be open to farm or lease in 2026, giving future owners flexibility to operate or renegotiate terms to maximize returns. This property represents an outstanding opportunity for both farmers and investors seeking stable returns, long-term appreciation, and a well-located piece of Minnesota farmland. With strong soils, reliable drainage, and substantial wind lease income, this is a premium agricultural investment that delivers both productivity and profitability. Dont miss your chance to own a top-quality tract with proven income and lasting value. Please contact LandProz Broker Brian Haugen at 507-208-0791 or LandProz Agent Kelly Bolin at 651-380-2857 for more information regarding this property. PROPERTY FEATURES 80 +/- Deeded acres 75 +/- Tillable acres CPI of 67.8 Majority farmland with drainage ditches for outlet Located in Southeastern MN Excellent location south of Owatonna, west of Blooming Prairie, MN Windmill with payments of $7,900.00 annually Windmill contract has annual escalator of 2.5% Cropland is open to farm or lease in 2026 Great access Excellent investment in farmland with large annual wind payments Over $26,850.00 in current annual income with wind and cropland lease Real Estate Taxes: $4,360

Steele County private home acreage with tons of storage space! Located just 5 miles outside Owatonna, this 9 +/- acre property boasts a split-level home w/attached garage that has 3 bedrooms, 2 bathrooms, and a lower-level living room with built-in cabinetry next to an impressive stone fireplace. The 5 outbuildings total over 15,000 square feet of space and include a shop area, large sliding doors, abundant shelving, and two of these buildings have concrete flooring. There is also a nice 1.5 +/- acre field of tillable land part of this acreage currently being farmed with the adjacent land in a corn/soybean rotation. Located in close proximity to I35 and Highway 14 its an easy drive to the Twin Cities, Rochester, and Mankato. There is a right of first refusal on the property.

These 40 +/- deeded acres are nearly all tillable with a respectable soil rating of 73.8. 6.05 +/- acres are in CRP that expires 9/30/2032. Please contact LandProz Broker & Auctioneer Greg Jensen at 507-383-1067 for more information regarding this property. 40 +/- Deeded Acres 36.79 +/- Tillable Acres 6.05 +/- CRP Acres [expires 9/30/2032] CPI of 73.8 2022 Corn Yield: 163 Easy access off of 64th Avenue 4 Miles to Blooming Prairie, MN Real Estate taxes $1,698

Discover this 5 acre country property offering privacy, space, and potential. This 3BD, 2BA farmhouse features a blend of old style charm and practical updates, including a newer addition that provides a spacious family room featuring high ceilings and an electric stove. The property includes a 35x37 heated shop, plus an additional 35x18 cold storage area, ideal for equipment, hobbies, or workspace needs. A barn offers extra storage options. Septic is compliant, with a brand new tank scheduled for installation in October; system is currently in proper working order. Surrounded by woods, this property offers a peaceful setting while maintaining convenience, located just behind Cabela s and the Owatonna Airport. This acreage provides plenty of room to grow and the opportunity to make it your own with projects and updates and your vision.

High traffic higher end commercial development. It is time to build your new commercial location.